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Jan 15, 2013
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the economy according to ben bernanke - what the fed chair has to say about the state of the country's finances. and, how automakers are setting a new pace for competition. plus, traders who are sweet and sour on apple. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's tuesday, january 15th. in today's first look: as facebook makes its big reveal on its new product today, shares briefly climbed above $32 yesterday. bloomberg news reports dell is in talks to end its trading days and go private. federal regulators order jp morgan chase to improve its risk management after losing billions in trading last year. and american airlines bond holders meet today to weigh in on whether the airline should merge with u.s. airways. ira epstein of the linn group joins us now. always a pleasure to have you on the show. what is going on with the market? it is so resilient. where is all this money coming from ira? > > think about it: 2012, the end of the year, we didn't know where we were in taxes, peop
the economy according to ben bernanke - what the fed chair has to say about the state of the country's finances. and, how automakers are setting a new pace for competition. plus, traders who are sweet and sour on apple. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's tuesday, january 15th. in today's first look: as facebook makes its big reveal on its new product today, shares briefly climbed...
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Jan 15, 2013
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i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor to them. quick thank you for your comments chairman bernanke. i am a masters student. the first question is this -- if treasury minted a trillion dollar platinum coin, with the fed have except did it -- accepted it? >> i am not going to give that any oxygen. as you probably know, the treasury and federal reserve -- the treasury issued a statement that we did not think this was the right way to deal with this problem. there are legal issues and policy issues. the right way to deal with this problem, as i said earlier, is for congress to
i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor...
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Jan 17, 2013
01/13
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KICU
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and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying to get to that level. yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i think those earnings will probably be just like j.p. morgan and goldman sachs. i think they will probably be
and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying...
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Jan 16, 2013
01/13
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toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with people estate tax reform is going to because of scheduling. need to do with the limits of kuester and the house republicans concern if they do anything on tax reform, that they may leave themselves open to the senate not taking action and therefore an unpopular vote for no reason. are you optimistic on tax reform? >> first of all, we have to resolve this debt crisis in terms of sequestration and intern says the full faith and credit of the u.s. in the next six weeks. we are going to accomplish tax reform in the next six weeks. so we have a
toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with...
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Jan 14, 2013
01/13
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KCSMMHZ
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the economy is contracting -- few feel like celebrating. the economy is contracting. the unemployment rate is higher than before ben ali's ousting. >> it is one of the largest religious gatherings in the world. millions of indians have bates together in the ganges to mark the start of the -- have bathed together in the ganges to mark the start of the maha kumbh mela religious festival. >> environmentalists have warned before that the ganges is heavily polluted. some 110 million people are expected to take part in the religious festival, which runs until mid-march. that is all for now. remember, you can find out more about these and other stories at our website, www.dw.de. >> thank you for watching. see you next time. captioned by the national captioning institute --www.ncicap.org--
the economy is contracting -- few feel like celebrating. the economy is contracting. the unemployment rate is higher than before ben ali's ousting. >> it is one of the largest religious gatherings in the world. millions of indians have bates together in the ganges to mark the start of the -- have bathed together in the ganges to mark the start of the maha kumbh mela religious festival. >> environmentalists have warned before that the ganges is heavily polluted. some 110 million...
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Jan 14, 2013
01/13
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FBC
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we will let you know what he's saying about our economy and the future fed action. as we know that can be market moving. this event could move the markets tomorrow. david: that's a live picture coming out of michigan. we will be going right back there. also the news of apple cutting down orders for iphone parts is driving the stock way down again today. we have an apple analyst who cut his price target by 150 bucks back in december. does he think it's also time for the company to cut their ceo tim cook? sandra: shares of dell soaring on talk of a buyout. more on both tech stories coming up. keep it right here. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforrd guidance and be able to focus on other thing
we will let you know what he's saying about our economy and the future fed action. as we know that can be market moving. this event could move the markets tomorrow. david: that's a live picture coming out of michigan. we will be going right back there. also the news of apple cutting down orders for iphone parts is driving the stock way down again today. we have an apple analyst who cut his price target by 150 bucks back in december. does he think it's also time for the company to cut their ceo...
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Jan 14, 2013
01/13
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LINKTV
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the economy is contracting -- few feel like celebrating. the economy is contracting. the unemployment rate is higher than before ben ali's ousting. >> it is one of the largest religious gatherings in the world. millions of indians have bates together in the ganges to mark the start of the -- have bathed together in the ganges to mark the start of the maha kumbh mela religious festival. >> environmentalists have warned before that the ganges is heavily polluted. some 110 million people are expected to take part in the religious festival, which runs until mid-march. that is all for now. remember, you can find out more about these and other stories at our website, www.dw.de. >> thank you for watching. see you next time. captioned by the national captioning institute --www.ncicap.org--
the economy is contracting -- few feel like celebrating. the economy is contracting. the unemployment rate is higher than before ben ali's ousting. >> it is one of the largest religious gatherings in the world. millions of indians have bates together in the ganges to mark the start of the -- have bathed together in the ganges to mark the start of the maha kumbh mela religious festival. >> environmentalists have warned before that the ganges is heavily polluted. some 110 million...
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Jan 19, 2013
01/13
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so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007 or 2006, we see increases in production. rising house prices will affect household wealth. that is what i hope will be a better year in 2013 and 2014. a few other things that are positive, just to point out, is that state and local governments which had been very contraction remote -- great contraction ary mode, they are in better shape than they were. as a result, they will not be a drag on the academy that they have been in the last few years. -- on the economy that they have been in the last few years. energy. consumers are more
so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007...
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Jan 14, 2013
01/13
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CNBC
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fuel economy, cafe, and people's driving habits. more conscious fuel economy. we see a small growing small car segment. as p gr as /* people want the functionality that shows their personality and we believe this does that. >> is the bounce back, as far as recovering from the economy and u.s. sales. >> i think the playing field is level. we are starting the year with good inventory. same time last year we didn't have good inventory. this year it is a level play be field. we think we have tail wind as an industry going into the year. age of the car fleet. 11 plus years. all of those things. we think everybody is breaking great new product to market. we think that will stimulate as well. >> you are in california. you are seeing sales way above the national average in terms of increases there. does that pretend that rest of the country follows in 2013-14. >> historically we looked to the coast, california and new york, as bell weathers for the rest of the nation. if that pattern stays true, yes, we think that that result could come across the u.s. and we could get
fuel economy, cafe, and people's driving habits. more conscious fuel economy. we see a small growing small car segment. as p gr as /* people want the functionality that shows their personality and we believe this does that. >> is the bounce back, as far as recovering from the economy and u.s. sales. >> i think the playing field is level. we are starting the year with good inventory. same time last year we didn't have good inventory. this year it is a level play be field. we think we...
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Jan 14, 2013
01/13
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our economy, our financial expectations, and especially our politics have been affected. how do you pay the bills in a single parent family? how do you accumulate wealth? why not ask for help from the government? food stamps, medicaid or cash welfare. why not? why not elect politicians who give you the goodies. that's what we've done. like it or not, the decline in the traditional family affects the vote and it has. and it certainly affects the living standard. and the financial expectations of tens of millions of people. single parenthood is a passport to poverty. it is very difficult to climb up the ladder when you are on your own with children. putting money aside, saving for the future, obviously very tough. so the morality shift takes its toll on the american dream. it creates a large group, almost a majority who struggle and who lose hope of getting out of the hole that they've dug. i don't have a solution. but i do know this, there is a limit to how long this or any government can step in and help. that help may be making the problem worse. she keeps you guessing.
our economy, our financial expectations, and especially our politics have been affected. how do you pay the bills in a single parent family? how do you accumulate wealth? why not ask for help from the government? food stamps, medicaid or cash welfare. why not? why not elect politicians who give you the goodies. that's what we've done. like it or not, the decline in the traditional family affects the vote and it has. and it certainly affects the living standard. and the financial expectations of...
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Jan 15, 2013
01/13
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a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that much in the rally. >> susie: let's talk about the areas that have been telling your clients, morgan stanley clients which direction to go. you have three big themes for your clients. buy stocks with from american companies with exposure to china, positive on china. buy dividend paying stocks and you like very large stocks, what you call megastocks. why are these the themes for you? >> well, look, for china i think we identified late last fall that the u.s. companies with china exposure had really lagged the broader market and had gotten quite cheap. and the china economy started to stabili
a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that...
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Jan 16, 2013
01/13
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the economy is bad enough now. we'll see how to does after the mind set takes over. >> thank you, david. thank you for coming today. thanks for your remarks. obviously, this is a global economy and financial services, especially it's important to look at it from a global perspective, and it was very useful i think for you to remind us of the comment about europeans especially lit japanese had on the folker rule. with respect to the money market and mutual funds. there's talk of european action here in the near future. i was wondering for you have any advice to our friends across the ocean as far as action or whatnot with respect to the fc correcting might be thinking in doing? >> thank you, mr. commissioner, for your question. i was in london and dublin. i don't know which jurisdiction was interested in the money market fund debate. it's a big industry in both of the locals. and, you know, in both places i was told by industry as well as high level government officials at the ec on the cusp of releasing consultatio
the economy is bad enough now. we'll see how to does after the mind set takes over. >> thank you, david. thank you for coming today. thanks for your remarks. obviously, this is a global economy and financial services, especially it's important to look at it from a global perspective, and it was very useful i think for you to remind us of the comment about europeans especially lit japanese had on the folker rule. with respect to the money market and mutual funds. there's talk of european...
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Jan 16, 2013
01/13
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economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use -- those issues of course are not the specific purdy of the fed, and so why do we shift gears and talk more specifically about some things that the fed is doing and things that the fed might do. perhaps a way to introduce that is to say that the fed of course is keeping interest rates at close to zero since roughly 2008, and it dug pretty deep into its arsenal, more recently in terms of in particular the very massive asset purchases recently launched its third round, which are intended to bring long-term inter
economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use...
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Jan 15, 2013
01/13
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economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that means. >> exports in november, down 94.1 billion is where we essentially went. 98.4 billion was the october numbers. so exports in november driving down. and that gdp number is worth pulling out. exports for the year, up 4.1%. as far as production is concerned, it was up 2% in november. but the forecast were for it to rise up 1%. it was a very weak october, as well. it was this production and that production number. when that came out, it essentially made people put a pretty fourth quarter in the whole, kelly. what we're trying to do is de
economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that...
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Jan 16, 2013
01/13
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. hae a great evenin everye. and you, too, tom. >> tom:ood night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. hae a great evenin everye. and you, too, tom. >> tom:ood night, susie. we'll see you online...
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Jan 16, 2013
01/13
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you...
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Jan 16, 2013
01/13
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KQED
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> tonight on "spark" -- we meet artists who fuse genres, cultures and modes of expression in ways that are surprising and provocative. in our first story, we'll check out the growing phenomenon of muslim hip-hop. >> home of the brave, land of the free, now this i still got to see. it's not what mainstream muslims really talk about. >> they're realizing that their kids are being influenced by rap music more than anything else, including them. >>> then -- we'll visit the west marin studio o
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you...
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Jan 14, 2013
01/13
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CSPAN
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 17, 2013
01/13
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CSPAN2
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the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. either the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also need a workable, reliable national employee verification program. now, the e-verify program has been dramatically improved. we are ready to move forward with it nationally provided there is strong preemption language for state and local laws, no obligation to reverify the whole team -- i know companies with 35, 50,000 employees. we certainly don't have to do that. and we need safe harbor for good faith efforts by employers. finally, we need to provide a path out of the shadows for 11 million undocumented immigrants who live in the united states today. with the understanding they will meet
the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. either the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also...
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Jan 16, 2013
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. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we nee
. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform...
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Jan 15, 2013
01/13
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FBC
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you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time in ten months. do you care? is that significant? it's 1682 against 1680, t
you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at,...
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Jan 18, 2013
01/13
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WJLA
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this is a positive thing for the city and the economy. >> the wrights flu in from florida. >> we -- flew in from florida. >> we're excited to be here and engage in an american tradition. >> despite all the people coming to town, there are still open hotel rooms. occupancy ratings are about 70% right now they were 90% four years ago. you can expect to see deals out there this weekend. reporting live in northwest washington suzanne kennedy. >> now as businesses prepare for a busy three days the transit is getting ready for >> the rush is on already as hundreds of people are inside trying to transform this convention center into a three-story party place. they have three days left to get ready for tens of thousands of party goers. in 2009, the president and the first lady appeared at 10 narble balls. >> the president will dance at all three levels. >> the top floor is reserved for the commander in chief ball and the only place you will see the presidential sale. one floor down it is set for the kids narble -- inaugural concert. >> brad paisley, jennifer hudson smoky robinson, and usher. >>
this is a positive thing for the city and the economy. >> the wrights flu in from florida. >> we -- flew in from florida. >> we're excited to be here and engage in an american tradition. >> despite all the people coming to town, there are still open hotel rooms. occupancy ratings are about 70% right now they were 90% four years ago. you can expect to see deals out there this weekend. reporting live in northwest washington suzanne kennedy. >> now as businesses...
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Jan 16, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart contion or high blood pressure before taking it. with copd, i thought i'd miss
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be...
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Jan 14, 2013
01/13
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or hybrid cars, but what we're seeing is your typical gasoline-engine cars getting really good fuel economy. 30 and 40 miles per gallon. >> reporter: 50 new vehicles will be unveiled at this showing, including the new corvette, uncovered last night. >> that will be the star of the show. >> reporter: a close second might be the array of new luxury vehicles which these days come mo more than just leather sheets. mercedes revamped the popular e class of cars and overnight released its first compact. >> we are very, very sure this goes right into the center of the heart of our u.s. customers. >> reporter: a customer base that industrywide continues to grow. >> we are seeing the best sales since 2007. >> reporter: and this week in the motor city we're getting a first look at what they'll be buying. and a marketplace that from the looks of things here, veronica, will be defined by some sleek lines and strong technology. that's the latest live in detroit. i'm jay gray, veronica, what model can i bring home to you? >> i like the new corvette. can you put that in your pocket? >> i'll just drive it h
or hybrid cars, but what we're seeing is your typical gasoline-engine cars getting really good fuel economy. 30 and 40 miles per gallon. >> reporter: 50 new vehicles will be unveiled at this showing, including the new corvette, uncovered last night. >> that will be the star of the show. >> reporter: a close second might be the array of new luxury vehicles which these days come mo more than just leather sheets. mercedes revamped the popular e class of cars and overnight...
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Jan 17, 2013
01/13
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CSPAN2
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it has to be transmitted into the economy. and when i don't have to and sent people to step on the accelerator, to create more jobs, that's a matter of having to write laws, right regulation, right tax incentives and so on. but it has to be transmitted through the banking system. and these banks that were in such deep trouble and controlled so much of the industry's assets have been focused on other things. so they are interfering with the effectiveness as i mentioned in my speech. if you can get people to understand that this is holding back and hurting job creation in our district, then i think you might have a little bit more political support. i believe the support is gaining ground. it's not just a question of fairness, it's a question of efficacy. and i believe it is gaining ground. [inaudible] >> lookup of volcker rule. how do sort of seeing -- ibex but that's up to people on the hill and the people who want to support this effort. i take a single -- simply which i have come it takes a sixth grader to write it. it may m
it has to be transmitted into the economy. and when i don't have to and sent people to step on the accelerator, to create more jobs, that's a matter of having to write laws, right regulation, right tax incentives and so on. but it has to be transmitted through the banking system. and these banks that were in such deep trouble and controlled so much of the industry's assets have been focused on other things. so they are interfering with the effectiveness as i mentioned in my speech. if you can...
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Jan 19, 2013
01/13
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WJLA
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ >> limbing and in h.d., this is abc 7 7 news at 11 on your side. >> up first at 11:00 tonight the countdown to the inauguration. the guests are starting to arrive and the parties are just getting started. the airports are busy. the hotels and restaurants are packed and ready for the big weekend. >> abc 7 is your inauguration station. richard reeve is live on the national maul with all the excitement already underway, right, rich in? right. people are really pumped up for this. we should mention if you come to the national mall there will be a lot of security fences like this. by monday there will be hundreds of thousands of people out here. >> the heightened security and yes, the crowds -- >> it's amazing. really inspiring to be here. >> signs the inaugural is just days away now. >> this is the second time around but there's a first time for anyone to be inspired. >> among the 800,000 people converging on d.c. -- >> g
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ >> limbing and in h.d., this is abc 7 7 news at 11 on your side. >> up first at 11:00 tonight the countdown to the inauguration. the guests are starting to arrive and the parties are just getting started. the airports are busy. the hotels and restaurants are packed and ready for the big weekend. >> abc 7 is your inauguration...
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Jan 18, 2013
01/13
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our economy, and the global economy. and i think he needed to be straight up and not say that the essentially what i'll do is look for ways around it. the republican caucus has, as i said ate the beginning, so dramatically changed from when i joined -- which has jurisdiction . the republican party has to decide how much it's willing to game, the economy of the united states. [inaudible] i'm not surprised. [inaudible] negotiations that resolved in a fairly -- [inaudible] have an effect on the regulatory regime, both in this country and europe. going in to that, what your reservation -- [inaudible] the deal that would emerge from the negotiations. what would you be most concerned about? >> i said in a meeting of the group that is looking at this, in my position, stated there was that we should undertake serious discussions between the u.s. and e.u. at the same time, i think we need to be realistic. i was -- [inaudible] what was that? over ten years ago, and i think there were unnecessarily optimistic views about how quickl
our economy, and the global economy. and i think he needed to be straight up and not say that the essentially what i'll do is look for ways around it. the republican caucus has, as i said ate the beginning, so dramatically changed from when i joined -- which has jurisdiction . the republican party has to decide how much it's willing to game, the economy of the united states. [inaudible] i'm not surprised. [inaudible] negotiations that resolved in a fairly -- [inaudible] have an effect on the...
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Jan 15, 2013
01/13
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KRCB
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since 2003, the economy has been steadily growing. but most of that growth hinges on mining copper and other raw materials. and this concerns jakamba. >> we are used to buy things, supplying raw materials to the western world. then we receive finished products. why don't we have finished products ourselves and export to the rest of the world? >> reporter: to get his business growing, chikamba hired ten young people. two years later, they came out with a product that's caught on big in zambia. it's called a bicycle with a long covered. many hospitals in zambia can't afford a truck. so it's in big demand. but chikamba had another idea, to make a bicycle using material that grows locally, bamboo. >> it's a bit of a product. we have excess in africa. coming to a point to convert it to a bike, it's something that's a novelty. it's unique. >> reporter: bamboo in zambia is very durable. its thickness is just right for bicycle frames. once the bamboo dries out, workers cut it. then they join it. next, they bind it several times. after the res
since 2003, the economy has been steadily growing. but most of that growth hinges on mining copper and other raw materials. and this concerns jakamba. >> we are used to buy things, supplying raw materials to the western world. then we receive finished products. why don't we have finished products ourselves and export to the rest of the world? >> reporter: to get his business growing, chikamba hired ten young people. two years later, they came out with a product that's caught on big...
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Jan 15, 2013
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economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two choices here: they can act responsibly, and pay america's bills, or they can act irresponsibly, and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea
economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two...
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Jan 17, 2013
01/13
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economy and japan nikkei was up only slightly and they look to the yen as a good sign for exports. trading yesterday, the dow jones industrial average started today at 13511 and right now it looks like a little bit of a higher opening across the board for all three major index. apple gained more than 4% closed at $500 a share boosting the nasdaq. apple's stock is down 28% from its all-time high last september but the cupertino based company remains worth $471 billion and right now it looks like it will trade up to $2 a share this morning. >>> on the bay area, movies about steve jobs and they are about to premier. >>> a great white shark encounter caught on tape by some nervous fishermen, how long it stuck around their boat. >>> and plus you can get the morning's top stories while you are sleeping send straight to your cell phone at 6:00 a.m. text the word wake up by 70123. iyin)Ñ)ogóçÑóçíç'Ñy?oo . >>> two australian fishermen had a good look at a great white. they were fishing when this big guy circled their boat bouncing along the side of their boat even putting its nose
economy and japan nikkei was up only slightly and they look to the yen as a good sign for exports. trading yesterday, the dow jones industrial average started today at 13511 and right now it looks like a little bit of a higher opening across the board for all three major index. apple gained more than 4% closed at $500 a share boosting the nasdaq. apple's stock is down 28% from its all-time high last september but the cupertino based company remains worth $471 billion and right now it looks like...
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Jan 14, 2013
01/13
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economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he said several proposals have broad support, including enforcing background checks and banning high capacity ammunition magazines. biden was asked to come up with the recommendations following the sandy hook shootings last month. >>> the debt ceiling dispute is heating up. the white house says congress can pay its bills or it can fail to act and put the nation into default. some reports suggest the government could run out of cash to pay all its bills as early as mid february. >> thanks for that. there's plenty to keep you entertain
economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he...
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Jan 18, 2013
01/13
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
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Jan 15, 2013
01/13
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FBC
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economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal way. >> wants to build cars, not make policy. there you go. it's a good one. i owned ford explorers for 20 straight years. this is a real competitor to that vehicle. dennis: jeff flock, good job. thanks, den. cheryl: time for the west coast minute, a double digit return for the public employees pension system. it had a 2% return back in 2012. the nation's largest pension has investments worth $252 billion, almost back to its peak level of 2007 when the fund held $260 billion in assets. the fund's performance was just below its
economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal...
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Jan 17, 2013
01/13
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what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room. but if you go to them with a proposition, can we reduce the deficit of $150 billion? can we make the program pay its own way and can we sustain jobs and the solvency of the highway trust fund all in one, i think we'll have something to go on. again, thank you so much for the cary award. we value this and i appreciate the recognition and we want to commitment our -- continue our commitment to research and debate opportunity to share with you the thoughts on this idea. what you heard the secretary say is tony, jack and i are headed out the door. jack and
what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room....
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Jan 15, 2013
01/13
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FBC
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economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this meeting. we will have rob enderle on at the end to talk about it. shibani: i am following a couple of live logs on the event. the three pillars of facebook. when he unveiled today is his 23 pillar which is being called graph search. it is a graphical search. it is not a web search. that is one of the reasons we are seeing a selloff of facebook shares. again, what the company has unveiled at this moment is a surge in addition facebook. we will bring you more headlines as they come out. melissa: it is inte
economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this...
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Jan 21, 2013
01/13
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WRC
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we can expect that he certainly will talk in his address about continuing to build the economy, about the need for cutting the deficit and we know, too of his main legislative issues that he wants to strike on are both immigration and gun violence. let me tell you, star studded performers coming to the stage here today. beyonce will be here singing the national anthem. kelly clarkson will be here and james taylor will be singing america the beautiful. really nice moment here yesterday during the rehearsals. he came out, james taylor came out to rehearse and the tabernacle choir, they were up on the steps and he paid a little visit to them. they were applauding. their big moment comes later today when they'll be performing for the millions who will watch this inaugural ceremony. reporting live from the capitol, julie carey, back to you. >> julie thanks so much. >>> you won't see much grass on the front yard today. there were huge plastic panels put down that will cover much of the green. this is to protect the muly planted grass there. the park service spent $16 million over the past y
we can expect that he certainly will talk in his address about continuing to build the economy, about the need for cutting the deficit and we know, too of his main legislative issues that he wants to strike on are both immigration and gun violence. let me tell you, star studded performers coming to the stage here today. beyonce will be here singing the national anthem. kelly clarkson will be here and james taylor will be singing america the beautiful. really nice moment here yesterday during...
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Jan 14, 2013
01/13
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FBC
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are the developing economies engines of growth? here with the outlook is daniel gamba, head of black rock's ishare's institutional business. a big year last year. is it going to keep up? >> a great year for etfs and emerging markets. emerging markets grew about 50% year over year, and it was five times the close the year prior, and it happened both on equities and on debt, and we expect that this year will continue to be that. a lot of the growth came in the fourth quarter, and these actually continues towards now. tracy: if i'm not in emerging markets, it's not too late to get in? >> it's not too late to get in. evaluations still low in the markets. we also believe the growth of the emerging market is 5% to 5.5% gdp growth to a developed world which is 2% in the u.s., 1% in europe, and so relatively speaking we expect growth to continue to go that way. tracy: i know one of your favorites is brazil. low evaluations, cheap basically; right? but really reliant on china. does that worry you? >> so we believe that china actually is com
are the developing economies engines of growth? here with the outlook is daniel gamba, head of black rock's ishare's institutional business. a big year last year. is it going to keep up? >> a great year for etfs and emerging markets. emerging markets grew about 50% year over year, and it was five times the close the year prior, and it happened both on equities and on debt, and we expect that this year will continue to be that. a lot of the growth came in the fourth quarter, and these...
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Jan 14, 2013
01/13
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but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me about what we're debating or as the president puts it not debating? >> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would ha
but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole...
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Jan 15, 2013
01/13
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we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody needs to shoot straight. i do not know how i will vote on the particular bill. it has only come out in the last day or so. we have not anticipated and planned for these type of natural disasters. you would think we would have budgeted enough. either we're not done a good estimates or we are spending far more than we should. i will be evaluating that. i know there will be some amendments. there are some things that i don't think most americans would not funded. therein lies the challenge. every bill we vote on on typically has some things that are good and
we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody...
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Jan 16, 2013
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that is such a serious threat to the economy of this country. credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: the credit agencies have said you also need to address spending. guest: it is balance verses in balance. host: junior, independent caller. caller: why do you stand there telling us stuff that you know it is not true? when are we going to see a budget from this administration? everything you said is untrue? where is the budget? this has been four years. guest: the administration has presented a budget every year. it is cannot correct to say we have not presented a budget. the house has presented budgets that almost no democrat could vote for. the senate has a 60-vote requirement has been unable to find common ground within their ranks. they have rejected the house republican budget. it is not correct to say the administration has not provided a budget. host: senate democrats. guest: it takes 60 votes. jun
that is such a serious threat to the economy of this country. credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: the credit agencies have said you also need to address spending. guest: it is balance verses in balance. host: junior, independent caller. caller: why do you stand there telling us stuff that you know it is not true? when are we going to see a budget...
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Jan 15, 2013
01/13
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what does that mean for our economy? senator rob portman says he's got an idea and alternative. that senator up next. here he comes. >>gretchen: welcome back. how big of a threat is our national debt? one theme from the hbo film "too big to fail" spells out the risks pretty clearly. watch it. >> the threats from russia, they suggest we coordinate and without warning dump hundreds of billions of if fannie's and freddie's bonds on to the market. the amount of debt your country carries is a terrible vulnerability. >>gretchen: a terrible vulnerability. senator rob portman couldn't agree more. he's a member of the senate finance committee and former budget director for george w. bush. good morning to you, senator. when we hear this vulnerability, you agree with that; right? >> absolutely. the president yesterday said we need to raise the debt limit because we have to pay our bills. we're at historic levels, $130,000 per family right now, over $16.5 trillion. yes, we need to raise the debt limit at some point but we have to do it in the context of getting the spending under control. t
what does that mean for our economy? senator rob portman says he's got an idea and alternative. that senator up next. here he comes. >>gretchen: welcome back. how big of a threat is our national debt? one theme from the hbo film "too big to fail" spells out the risks pretty clearly. watch it. >> the threats from russia, they suggest we coordinate and without warning dump hundreds of billions of if fannie's and freddie's bonds on to the market. the amount of debt your...
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Jan 21, 2013
01/13
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can transpire over the next four years and how that plays into his agenda which is gun control, the economy, health care overhaul. >> and foreign policy is always an issue. so you have the arab spring. most people think that that could be ushering a lot of democracy into the middle east, but we don't know. there's still a lot of tension there. that's going to be an issue for him, as well. >> the plate is full. so enjoy the party today, because the work starts tomorrow. in fact, some republicans are having a little retreat in vegas right now to get out of d.c. so hopefully the partisanship eases a little bit. >> about 100 of them have departed. >> never dull. >>> also some other news this morning, we want to wish our friend and colleague barbara walters a speedy recovery. she was hospitalized saturday after a minor fall in washington. barbara, who is now 83 years old, fell on the stairs at the british ambassador's residence and cut her forehead. she is alert and telling everyone what to do, which is a good sign. she's in the hospital for tests and for some observation. and will not be unfort
can transpire over the next four years and how that plays into his agenda which is gun control, the economy, health care overhaul. >> and foreign policy is always an issue. so you have the arab spring. most people think that that could be ushering a lot of democracy into the middle east, but we don't know. there's still a lot of tension there. that's going to be an issue for him, as well. >> the plate is full. so enjoy the party today, because the work starts tomorrow. in fact, some...
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Jan 16, 2013
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the second-largest airline is said to be struggling with competition, high fuel prices and the german economy. australian vitamin and supplement maker swisse vitamins is crossing the pacific pond. the privately-held company will set up its north american headquarters in chicago and start selling its most popular products in walgreens stores starting february 1st. rite aid and target stores will start selling the products in april. the company's ceo says the products it sells will be manufactured in utah and florida. swisse vitamins is positioning itself as a premium product and intends to price its products 5-10% above competitors such as pfizer and bayer. the nation's largest retailer is reaching out to men and women in the service. wal-mart is offering a job to every veteran who honorably left the military in the past year. the program will continue for 5 years and is expected to provide work for more than 100,000 veterans. additionally, the retailer is committing to buying an additional $50 billion of u.s.- made products in the next 10 years. the government of japan joins the u.s. governme
the second-largest airline is said to be struggling with competition, high fuel prices and the german economy. australian vitamin and supplement maker swisse vitamins is crossing the pacific pond. the privately-held company will set up its north american headquarters in chicago and start selling its most popular products in walgreens stores starting february 1st. rite aid and target stores will start selling the products in april. the company's ceo says the products it sells will be...
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Jan 14, 2013
01/13
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. >> a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession. and ironically, would probably increase our deficit. >> reporter: and it would, the president warned, delay checks for social security and veterans' benefits. the president also said he would soon ask lawmakers to create new gun laws in the wake of the newtown massacre. he will likely seek universal background checks, limit on high-capacity magazines and a ban on assault weapons. reporting live here from the newsroom, i'm bob redell. >> bob, thank you very much. >>> after nearly two months in the hospital, former president george h.w. bush has been discharged. nbc news learning doctors at methodist hospital in houston, texas releasing the 88-year-old bush just this morning. he was admitted november 23rd for treatment of a bronchitis-related cough. in december, the nation's 41st president spent a week in the hospital's intensive care unit for treatment of a persistent fever. no word so far whether the elder bush will return to
. >> a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession. and ironically, would probably increase our deficit. >> reporter: and it would, the president warned, delay checks for social security and veterans' benefits. the president also said he would soon ask lawmakers to create new gun laws in the wake of the newtown massacre. he will likely seek universal background checks, limit on high-capacity magazines and a ban on assault weapons....
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Jan 18, 2013
01/13
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will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley. >>> gold prices settled around $1690. meaning this 177 ounce gold nugget reportedly discovered with a medal detecter in australia is worth just under $300,000. pretty good find. >>> toyota has settled the first in a string of wrongful and injury deaths overunintended acceleration. the family of a utah couple killed when a toyota slammed into the wall will collect an undisclosed sum from the automaker. >>> oprah winfrey's interview with lance armstrong has brought a pretty penny for her cable network. ad slots sold at a premium was expeced to sell out. oprah bolstered the ratings by 32% la
will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley....